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6.0% economic growth target impossible

May 15, 2025

by IBON Foundation

𝟲.𝟬% 𝗲𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗴𝗿𝗼𝘄𝘁𝗵 𝘁𝗮𝗿𝗴𝗲𝘁 𝗶𝗺𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝗲

The economy declined from the average 6.4% growth during the 2010-2019 decade prior to the pandemic to just 5.6% in 2023-2024. This concerning shift to lower growth underscores the failure of neoliberal policies and decades of overly relying on foreign investments and prioritizing corporate profits for so-called development.

But the Marcos administration stubbornly sticks to such framework. This makes the government’s post-election top priority of hitting its 6.0% economic growth target for 2025 — by achieving 6.2% growth rate for the remaining quarters of the year — absurd.

economic managers GDP growth growth Marcos administration

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